City Corporation responds to no-deal Brexit vote

Parliament has tonight voted to reject the UK leaving the European Union without a deal. Catherine McGuinness, Policy Chair at the City of London Corporation, said:

“Parliament’s decision to reject a hugely damaging no-deal Brexit is a victory for common sense. MPs have rightly voted in the interests of businesses and households by taking a step away from the brink.

“Crashing out of the European Union without a deal would be an unprecedented act of self-sabotage. But in order to stave off this costly economic own goal, Parliament now needs to act swiftly to make today’s rejection of no-deal a reality by voting to extend Article 50, and give breathing room for a solution to be found. We also urge the EU to be pragmatic and agree to an extension if requested.

“There is no time for MPs to rest on their laurels. Business needs certainty to thrive. Politicians must come together in the national interest and secure a deal, locking in a legally binding transition within the stipulated timeframe.”

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk